Civic Intelligence

The Salem Academy

990 • Fiscal year 2020 • EIN 93-0425880

Jul 01, 2019 to Jun 30, 2020 • Filed on Oct 30, 2020

Organization ProfileWWW.SALEMACADEMY.ORG

View Organization Page

942 Lancaster DriveSalem, OR 97301

(503) 378-1219

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

63rd percentile

0.30x

Higher debt load relative to assets than 63% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

59th percentile

0.30x

Higher debt load relative to revenue than 59% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Net Margin

33rd percentile

-1.0%

Higher net margin than 33% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

45th percentile

$110,481

Higher top officer pay than 45% of similar nonprofits.

Top officer pay equals 2.0% of source-year revenue.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Asset Growth

60th percentile

11%

Faster asset growth than 60% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

40th percentile

-2.3%

Faster revenue growth than 40% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets63rd percentile

Assets

Up

$5,707,404

Up $546,609 (+11%) from 2019

Net Assets

Down

$4,017,412

Down $60,617 (-1.5%) from 2019

Liabilities

Up

$1,689,992

Up $607,226 (+56%) from 2019

Revenue And Expenses
Liabilities / Revenue59th percentileNet Margin33rd percentile

Revenue

Down

$5,664,542

Down $131,266 (-2.3%) from 2019

Expenses

Down

$5,721,144

Down $350,255 (-5.8%) from 2019

Net Income

Up

-$56,602

Up $218,989 (+79%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth60th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$20M$15M$10M$5.0M$0Assets 2010: $6,375,751Liabilities 2010: $3,281,073Net Assets 2010: $3,094,6782010Assets 2011: $6,619,821Liabilities 2011: $3,768,412Net Assets 2011: $2,851,4092011Assets 2012: $6,624,714Liabilities 2012: $3,735,698Net Assets 2012: $2,889,0162012Assets 2013: $6,487,022Liabilities 2013: $3,024,254Net Assets 2013: $3,462,7682013Assets 2014: $5,960,233Liabilities 2014: $1,881,080Net Assets 2014: $4,079,1532014Assets 2015: $5,841,016Liabilities 2015: $1,717,533Net Assets 2015: $4,123,4832015Assets 2016: $5,719,820Liabilities 2016: $1,430,436Net Assets 2016: $4,289,3842016Assets 2017: $5,342,004Liabilities 2017: $961,086Net Assets 2017: $4,380,9182017Assets 2018: $5,459,621Liabilities 2018: $1,022,554Net Assets 2018: $4,437,0672018Assets 2019: $5,160,795Liabilities 2019: $1,082,766Net Assets 2019: $4,078,0292019Assets 2020: $5,707,404Liabilities 2020: $1,689,992Net Assets 2020: $4,017,4122020Assets 2021: $7,222,683Liabilities 2021: $1,092,314Net Assets 2021: $6,130,3692021Assets 2022: $8,184,722Liabilities 2022: $1,231,058Net Assets 2022: $6,953,6642022Assets 2023: $9,202,937Liabilities 2023: $1,318,481Net Assets 2023: $7,884,4562023Assets 2024: $15,565,284Liabilities 2024: $1,218,191Net Assets 2024: $14,347,0932024Assets 2025: $16,413,601Liabilities 2025: $1,246,600Net Assets 2025: $15,167,0012025

Highlighted filing

2020

Assets$5,707,404
Liabilities$1,689,992
Net Assets$4,017,412
Open 2020 Filing

Operations Trend

Revenue Growth40th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$15M$10M$5.0M$0-$5.0MExpenses 2010: $3,736,3782010Expenses 2011: $4,742,1912011Expenses 2012: $4,946,8262012Expenses 2013: $4,614,1292013Revenue 2014: $6,305,913Expenses 2014: $5,706,974Net Income 2014: $598,9392014Revenue 2015: $5,803,009Expenses 2015: $5,714,052Net Income 2015: $88,9572015Revenue 2016: $6,288,363Expenses 2016: $6,049,394Net Income 2016: $238,9692016Revenue 2017: $6,085,492Expenses 2017: $6,015,881Net Income 2017: $69,6112017Revenue 2018: $5,843,082Expenses 2018: $5,888,978Net Income 2018: -$45,8962018Revenue 2019: $5,795,808Expenses 2019: $6,071,399Net Income 2019: -$275,5912019Revenue 2020: $5,664,542Expenses 2020: $5,721,144Net Income 2020: -$56,6022020Revenue 2021: $6,147,968Expenses 2021: $4,283,911Net Income 2021: $1,864,0572021Revenue 2022: $7,213,475Expenses 2022: $6,325,590Net Income 2022: $887,8852022Revenue 2023: $8,061,046Expenses 2023: $7,194,150Net Income 2023: $866,8962023Revenue 2024: $13,713,962Expenses 2024: $7,516,342Net Income 2024: $6,197,6202024Revenue 2025: $8,642,709Expenses 2025: $7,836,635Net Income 2025: $806,0742025

Highlighted filing

2020

Revenue$5,664,542
Expenses$5,721,144
Net Income-$56,602
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Oct 30, 2020
Return Version
2019v5.1
Gross Receipts
$5,676,047
Mission and Program Overview

Mission

To provide an excellent education from a christ-centered, biblical perspective so that our students might know and serve god.

To provide an excellent education from a christ-centered, biblical perspective to students.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,485,945$3,357,875▼ $128,070
Savings and Temporary Cash Investments$682,413$1,499,987▲ $817,574
Investments in Publicly Traded Securities$343,612$387,402▲ $43,790
Cash and Non-Interest-Bearing Accounts$504,621$377,963▼ $126,658
Accounts Receivable$67,665$48,866▼ $18,799
Inventories for Sale or Use$23,162$21,200▼ $1,962
Pledges and Grants Receivable$52,367$13,420▼ $38,947
Prepaid Expenses and Deferred Charges$1,010$691▼ $319
Total Assets$5,160,795$5,707,404▲ $546,609
Liabilities
Other Liabilities$0$784,300▲ $784,300
Accounts Payable and Accrued Expenses$543,925$562,205▲ $18,280
Deferred Revenue$503,703$301,406▼ $202,297
Escrow Account Liability$35,138$42,081▲ $6,943
Total Liabilities$1,082,766$1,689,992▲ $607,226
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,969,243$3,895,182▼ $74,061
Net Assets With Donor Restrictions$108,786$122,230▲ $13,444
Total Net Assets Fund Balance$4,078,029$4,017,412▼ $60,617
Total Liabilities and Net Assets / Fund Balance$5,160,795$5,707,404▲ $546,609

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,453,763$2,758,327$5,212,090
Equipment$304,747$2,492,740$2,797,487
Land$537,964-$537,964
Other Land Buildings$61,401-$61,401
Compensation and Service Providers
Top Officer Pay45th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
John TylerSuperintendentFT$103,568$6,913$110,481
Jeff KlineDirector of FinanceFT$68,218$6,913$75,131

Board Members and Trustees

NameTitle
Nate CookeBoard Chair
Angela WilliamsVice Chair
Melissa BradleyTrustee
Randy LearnerTrustee
Shauneen ScottTrustee
Kevin CampbellSecretary
Lori MuscuttTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$462,629
Program Service Revenue
$5,070,138
Investment Income
$15,237
Other Revenue
$116,538
All Other Contributions
$413,254
Change in Net Assets
$-56,602

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,806,808
Revenue Not Reported on Financial Statements
$857,734
Revenue Not Reported on Form 990
$48,170
Other Revenue Adjustments
$854,311
Total Revenue per Audited Statements
$4,854,978
Total Revenue per Form 990
$5,664,542
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,631,701
Other Expenses$1,248,974
Grants and Similar Amounts Paid$840,469
Total Fundraising Expense$81,289
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,597,135$201,332$49,716$2,848,183
Grants to Domestic Individuals$840,469--$840,469
Other Employee Benefits$360,230$25,265$2,220$387,715
Depreciation Depletion$341,243$5,730$576$347,549
Payroll Taxes$193,162$25,963$4,367$223,492
Current Officers, Directors, Trustees, and Key Employees$37,886$126,233$8,192$172,311
Occupancy$103,920$4,844$545$109,309
Fees for Services Other$92,262$663$67$92,992
Insurance$41,846$668$67$42,581
Advertising$8,276$3,792$13,639$25,707
Other Expenses$18,977$4,729$0$23,706
Fees for Services Accounting-$20,700-$20,700
Office Expenses$11,871$4,277$412$16,560
All Other Expenses$1,538$12,294-$13,832
Fees for Service Investment Mgmnt Fees-$3,423-$3,423
Fees for Services Legal-$662-$662
Total Functional Expenses$5,196,127$443,728$81,289$5,721,144

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$5,721,144
Total Expenses per Audited Statements$4,915,595
Expenses per Audited Statements$4,863,410
Expenses Not Reported on Financial Statements$857,734
Other Expense Adjustments$854,311
Expenses Not Reported on Form 990$52,185
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$69,050
Fundraising Direct Expenses$11,505
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Auction$76,925$69,050$7,171$61,879
Total Events$76,925$69,050$11,505$57,545
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Ppp Loan$784,300
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The board and/or treasurer review the form 990 along with the audited financial statements prior to filing.”

Form 990, Part VI, Section B, Line 12C

“In the event that any trustees (i.e. Board members) are connected with other corporations with which this corporation may have business dealings, no contracts or other corporation shall be affected by the fact that the trustees of this corporation are interested in or are directors or officers of such other corporations. Any trustee individually may be a party to, or interested in, any contract or transaction with this corporation provided (1) the "interest" of the trustee is disclosed to the board (2) the interested trustee may not vote in favor of the transaction although his/her presence may be counted toward a quorum (3) the board or the executive committee approves the transaction at an annual, a regular, or a special meeting.”

Form 990, Part VI, Section B, Line 15

“The organization has established compensation practices for key employees.”

Form 990, Part VI, Section C, Line 19

“The organization make its governing documents and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Salem Academy
EIN
93-0425880
Phone
5033781219
Address
942 LANCASTER DRIVE, SALEM, OR 97301

Signing Officer

Name
Nate Cooke
Title
Board Chair
Phone
5033781219
Signed
2020-10-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Nate Cooke
Formed
1945
Legal Domicile
Or
Voting Board Members
7
Independent Board Members
7
Employees
177
Volunteers
500

Preparer

Firm
Aldrich Cpas and Advisors Llp
Address
680 HAWTHORNE AVE SE 140, SALEM, OR 97301
Preparer
Elsa a Romero
Phone
5035857774
Supplemental Narrative

Financial Statement Notes

PART IV, LINE 2B:

“The school holds funds for various associated student bodies (asb). Deposits and the return of funds are made at the asb's request throughout the year.”

PART X, LINE 2:

“The academy follows accounting standards generally accepted in the united states of america related to the recognition of uncertain tax positions. These standards provide detailed guidance for financial statement recognition, measurement, and disclosure of uncertain tax positions. It requires an entity to recognize the financial statement impact of a tax position when it is more likely than not that the position would not be sustained if examined by a taxing authority. Management has determined that the academy has no uncertain tax positions as of june 30, 2020, and therefore no amounts have been accrued.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Special event expenses netted with revenue 11,505.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Discounts and scholarships 840,469. Bad debt recoveries 13,842.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Special event expenses netted with revenue 11,505.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Discounts and scholarships 840,469. Bad debt recoveries 13,842.”

Raw XML AppendixShowing 400 of 585 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0AS A CHRISTIAN SCHOOL, SALEM ACADEMY HAS A SPECIFIC PHILOSOPHY WHICH IS ROOTED IN ITS ARTICLES OF FAITH, FOUNDED ON THE VIEW THAT THE HOLY BIBLE IS THE ONLY WORD OF GOD. SALEM ACADEMY HAS BEEN EQUIPPING STUDENTS TO KNOW AND SERVE GOD THROUGH AN EXCELLENT EDUCATION FROM A BIBLICAL PERSPECTIVE FOR OVER 75 YEARS. SALEM ACADEMY EMPHASIZES EDUCATIONAL EXCELLENCE WHILE SEEKING TO BUILD CHARACTER AND VALUES WITHIN THE LIFE OF EACH STUDENT PRESCHOOL TO GRADE 12. THE ACADEMY PROVIDED COMPREHENSIVE PRIMARY AND SECONDARY EDUCATIONAL INSTRUCTION FOR APPROXIMATELY 656 STUDENTS DURING 2019-20 SCHOOL YEAR.
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IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantAmt0840469
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt0840469
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt0840469
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt05676047
IRS990/GrossRentsGrp/RealAmt036473
IRS990/GrossSalesOfInventoryAmt08678
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/FundraisingAmt067
IRS990/InsuranceGrp/ManagementAndGeneralAmt0668
IRS990/InsuranceGrp/ProgramServicesAmt041846
IRS990/InsuranceGrp/TotalAmt042581
IRS990/InventoriesForSaleOrUseGrp/BOYAmt023162
IRS990/InventoriesForSaleOrUseGrp/EOYAmt021200
IRS990/InvestmentIncomeGrp/ExclusionAmt015237
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt015237
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0343612
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0387402
IRS990/IRPDocumentCnt019
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt05251067
IRS990/LandBldgEquipBasisNetGrp/BOYAmt03485945
IRS990/LandBldgEquipBasisNetGrp/EOYAmt03357875
IRS990/LandBldgEquipCostOrOtherBssAmt08608942
IRS990/LegalDomicileStateCd0OR
IRS990/LessRentalExpensesGrp/RealAmt00
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROVIDE AN EXCELLENT EDUCATION FROM A CHRIST-CENTERED, BIBLICAL PERSPECTIVE SO THAT OUR STUDENTS MIGHT KNOW AND SERVE GOD.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt04078029
IRS990/NetAssetsOrFundBalancesEOYAmt04017412
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt057545
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt057545
IRS990/NetIncomeOrLossGrp/ExclusionAmt08678
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt08678
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt036473
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt036473
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt036665
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt03969243
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt03895182
IRS990/NoncashContributionsAmt02764
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt0545
IRS990/OccupancyGrp/ManagementAndGeneralAmt04844
IRS990/OccupancyGrp/ProgramServicesAmt0103920
IRS990/OccupancyGrp/TotalAmt0109309
IRS990/OfficeExpensesGrp/FundraisingAmt0412
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt04277
IRS990/OfficeExpensesGrp/ProgramServicesAmt011871
IRS990/OfficeExpensesGrp/TotalAmt016560
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt02220
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt025265
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0360230
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0387715
IRS990/OtherExpensesGrp/Desc0SUPPLIES
IRS990/OtherExpensesGrp/Desc1EDUCATION FEES
IRS990/OtherExpensesGrp/Desc2REPAIRS & MAINTENANCE
IRS990/OtherExpensesGrp/Desc3DUES & MEMBERSHIP
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt21488
IRS990/OtherExpensesGrp/FundraisingAmt30
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02449
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt10
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2704
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt34729
IRS990/OtherExpensesGrp/ProgramServicesAmt0242437
IRS990/OtherExpensesGrp/ProgramServicesAmt1175386
IRS990/OtherExpensesGrp/ProgramServicesAmt2129489
IRS990/OtherExpensesGrp/ProgramServicesAmt318977
IRS990/OtherExpensesGrp/TotalAmt0244886
IRS990/OtherExpensesGrp/TotalAmt1175386
IRS990/OtherExpensesGrp/TotalAmt2131681
IRS990/OtherExpensesGrp/TotalAmt323706
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt0784300
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0BAD DEBT RECOVERIES
IRS990/OtherRevenueMiscGrp/ExclusionAmt013842
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt013842
IRS990/OtherRevenueTotalAmt013842
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt049716
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0201332
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02597135
IRS990/OtherSalariesAndWagesGrp/TotalAmt02848183
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt04367
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt025963
IRS990/PayrollTaxesGrp/ProgramServicesAmt0193162
IRS990/PayrollTaxesGrp/TotalAmt0223492
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt052367
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt013420
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01010
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0691
IRS990/PrincipalOfficerNm0NATE COOKE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/BusinessCd2611710
IRS990/ProgramServiceRevenueGrp/BusinessCd3611710
IRS990/ProgramServiceRevenueGrp/BusinessCd4611710
IRS990/ProgramServiceRevenueGrp/Desc0TUITION AND FEES
IRS990/ProgramServiceRevenueGrp/Desc1CHILDCARE FEES
IRS990/ProgramServiceRevenueGrp/Desc2PRESCHOOL TUITION
IRS990/ProgramServiceRevenueGrp/Desc3OTHER PROGRAM SERVICES
IRS990/ProgramServiceRevenueGrp/Desc4ATHLETICS REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt04592499
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1188355
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2152148
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3101033
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt436103
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt04592499
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1188355
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2152148
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3101033
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt436103
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0309844
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0947706
IRS990/PYInvestmentIncomeAmt016675
IRS990/PYOtherExpensesAmt01443402
IRS990/PYOtherRevenueAmt0108111
IRS990/PYProgramServiceRevenueAmt05361178
IRS990/PYRevenuesLessExpensesAmt0-275591
IRS990/PYSalariesCompEmpBnftPaidAmt03680291
IRS990/PYTotalExpensesAmt06071399
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt05795808
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-56602
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt041500
IRS990/RentalIncomeOrLossGrp/RealAmt036473
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt05070138
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0682413
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01499987
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/AdditionsDuringYearAmt06943
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BeginningBalanceAmt035138
IRS990ScheduleD/BuildingsGrp/BookValueAmt02453763
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02758327
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05212090
IRS990ScheduleD/DonatedServicesUseFcltsAmt040680
IRS990ScheduleD/EndingBalanceAmt042081
IRS990ScheduleD/EquipmentGrp/BookValueAmt0304747
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02492740
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt02797487
IRS990ScheduleD/ExpensesNotReportedAmt052185
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0857734
IRS990ScheduleD/ExpensesSubtotalAmt04863410
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt03423
IRS990ScheduleD/InvestmentExpensesNotIncldAmt03423
IRS990ScheduleD/LandGrp/BookValueAmt0537964
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0537964
IRS990ScheduleD/NetUnrealizedGainsInvstAmt036665
IRS990ScheduleD/OtherExpensesIncludedAmt011505
IRS990ScheduleD/OtherExpensesNotIncludedAmt0854311
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt061401
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt061401
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0784300
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PPP LOAN
IRS990ScheduleD/OtherRevenueAmt011505
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0854311
IRS990ScheduleD/RevenueNotReportedAmt048170
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0857734
IRS990ScheduleD/RevenueSubtotalAmt04806808
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL HOLDS FUNDS FOR VARIOUS ASSOCIATED STUDENT BODIES (ASB). DEPOSITS AND THE RETURN OF FUNDS ARE MADE AT THE ASB'S REQUEST THROUGHOUT THE YEAR.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE ACADEMY FOLLOWS ACCOUNTING STANDARDS GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA RELATED TO THE RECOGNITION OF UNCERTAIN TAX POSITIONS. THESE STANDARDS PROVIDE DETAILED GUIDANCE FOR FINANCIAL STATEMENT RECOGNITION, MEASUREMENT, AND DISCLOSURE OF UNCERTAIN TAX POSITIONS. IT REQUIRES AN ENTITY TO RECOGNIZE THE FINANCIAL STATEMENT IMPACT OF A TAX POSITION WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITION WOULD NOT BE SUSTAINED IF EXAMINED BY A TAXING AUTHORITY. MANAGEMENT HAS DETERMINED THAT THE ACADEMY HAS NO UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2020, AND THEREFORE NO AMOUNTS HAVE BEEN ACCRUED.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2SPECIAL EVENT EXPENSES NETTED WITH REVENUE 11,505.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3DISCOUNTS AND SCHOLARSHIPS 840,469. BAD DEBT RECOVERIES 13,842.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt4SPECIAL EVENT EXPENSES NETTED WITH REVENUE 11,505.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt5DISCOUNTS AND SCHOLARSHIPS 840,469. BAD DEBT RECOVERIES 13,842.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,707,404
Liabilities
$1,689,992
Net assets
$4,017,412
Revenue
$5,664,542
Expenses
$5,721,144
Net income
-$56,602
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.4$1.25$15.2$8.64$7.84$0.81
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$15.6$1.22$14.3$13.7$7.52$6.20
2023Detailed filing. Detailed filing data is available for this year.$9.20$1.32$7.88$8.06$7.19$0.87
2022Detailed filing. Detailed filing data is available for this year.$8.18$1.23$6.95$7.21$6.33$0.89
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.22$1.09$6.13$6.15$4.28$1.86
2020Detailed filing. Detailed filing data is available for this year.$5.71$1.69$4.02$5.66$5.72$0.06
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.16$1.08$4.08$5.80$6.07$0.28
2018Detailed filing. Detailed filing data is available for this year.$5.46$1.02$4.44$5.84$5.89$0.05
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.34$0.96$4.38$6.09$6.02$0.07
2016Detailed filing. Detailed filing data is available for this year.$5.72$1.43$4.29$6.29$6.05$0.24
2015Detailed filing. Detailed filing data is available for this year.$5.84$1.72$4.12$5.80$5.71$0.09
2014Detailed filing. Detailed filing data is available for this year.$5.96$1.88$4.08$6.31$5.71$0.60
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.49$3.02$3.46$4.61
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.62$3.74$2.89$4.95
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.62$3.77$2.85$4.74
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.38$3.28$3.09$3.74